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1562 Fulton Street

Meridith Marshall Leases Mixed-Use Space To Max Deals At 1562 Fulton Street Brooklyn
LEASEDMixed-use

Meridith Marshall Leases Mixed-Use Space To Max Deals At 1562 Fulton Street Brooklyn

1562 Fulton Street

$350,000

$350,000/SF

Building Size

9,800 SF

Asset Type

Mixed-use

Closing

Sep 29, 2025

AI

The property involved in this transaction is a mixed-use asset located at 1562 Fulton Street in Brooklyn. The tenant, Max Deals, has signed a lease for the premises, which previously housed a Dollar Tree, with a total area of 9,800 square feet. The asking rent for the property is set at $35 per square foot. The lease term is established for a duration of 15 years and is classified as a Full Service Gross lease.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $343,000 (calculated as $35/ft for 9,800 SF)
  • Address: 1562 Fulton Street
  • Market: Brooklyn
  • Landlord: Meridith Marshall
  • Tenant: Max Deals
  • Brokers: Richard Senior & Esther Bukai - Ripco
  • Lease Term: 15 Years
  • Lease Type: Full Service Gross
  • Note: Former Dollar Tree space

Richard Senior and Esther Bukai, from Ripco, represent the landlord in this transaction. Their involvement is essential in facilitating the terms and negotiations leading to the successful lease agreement with Max Deals, ensuring that both the interests of the landlord and tenant are aligned throughout the process.

Players

Esther Bukai

Ripco

Broker

$11.9M

vol

7 deals

Broker
Ripco
RipcoBrokerage

Brooklyn Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

45.32%

Cash-on-Cash

-12.95%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93